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Microcap & Penny Stocks : ARET (Formerly KLHE)
ARET 0.00010000.0%Jan 9 9:30 AM EST

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To: Mr. Jens Tingleff who wrote (2857)12/9/1997 10:01:00 PM
From: Michael Harb  Read Replies (1) of 4594
 
Jens. The reason I suspect that the market making is mostly if not all "manually operated" is the way in which the MM movements occur. There doesn't seem to be any consistent sort of movmement that I can see. Lot's of times a MM will move up on the bid .02 and then drop it back a .01 a second later. Kind of like someone making an adjustment. A computer wouldn't be indecisive.

How do the MM's do it? Big trading floors I suspect. A MM firm probably has hundreds of traders each watching a few stocks. Also remember, although there may be 5000 BB stocks out there or so, no MM makes a market in all of them (or probably even most of them).

This is all speculation from watching Level II. I'm a computer consultant by trade and the movements of the MM's don't appear automated to me. Just semi-educated guessing.

mike
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